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The Zimbabwe government has proposed hefty registration, rental and licence fees for mining sector.
The country’s mines ministry has proposed application fees for an ordinary prospectors licence for platinum to increase from $150 to $500 000 while the registration fee will be $2,5 million from $300.
The fees are paid once off and non-refundable.
Ground rentals per annum will rise from $10 per five claims to $1 000 per hectare.
The registration fee for diamonds will however remain at $1 million although a once off and non-refundable registration fee of $5 million will be introduced.
The licence to cut and polish diamonds will rise to $100 000 from $20 000 while a gold buying licence will double from $2 500 to US$5 000.
Custom milling licence will rise to US$8 000 from US$2 000 while for toll smelters it will rise to US$5 000.
A person wishing to be registered as a prospector will have to fork out US$5 000 per year up from the US$100.
An ordinary prospecting licence will attract US$500 per mining district up from the US$100 for the whole country that used to be charged.
The application fee for coal and coal bed methane gas, mineral oils, natural gas and nuclear energy mineral resource will attract a once off non-refundable application fee of US$100 000, up from US$5 000 while an application for chrome prospecting will be pegged at US$500 from US$100.
The country’s mines ministry has proposed application fees for an ordinary prospectors licence for platinum to increase from $150 to $500 000 while the registration fee will be $2,5 million from $300.
The fees are paid once off and non-refundable.
Ground rentals per annum will rise from $10 per five claims to $1 000 per hectare.
The registration fee for diamonds will however remain at $1 million although a once off and non-refundable registration fee of $5 million will be introduced.
The licence to cut and polish diamonds will rise to $100 000 from $20 000 while a gold buying licence will double from $2 500 to US$5 000.
Custom milling licence will rise to US$8 000 from US$2 000 while for toll smelters it will rise to US$5 000.
A person wishing to be registered as a prospector will have to fork out US$5 000 per year up from the US$100.
An ordinary prospecting licence will attract US$500 per mining district up from the US$100 for the whole country that used to be charged.
The application fee for coal and coal bed methane gas, mineral oils, natural gas and nuclear energy mineral resource will attract a once off non-refundable application fee of US$100 000, up from US$5 000 while an application for chrome prospecting will be pegged at US$500 from US$100.
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